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Archive for the ‘International Trade’ Category

China’s Global Cleantech Investments Exceed $100 Billion, Driving International Trade Opportunities

International Trade

October 2, 2024

Chinese investments in clean energy technology abroad have surpassed $100 billion since 2023, marking a significant boost for global trade and collaboration in the cleantech sector, according to research from Climate Energy Finance (CEF). This surge highlights China’s expanding role in supporting the global transition to sustainable energy, with its overseas projects driving growth in […]

South Korea’s September Exports Reach New Heights, Signifying Strong Trade Momentum

International Trade, News, South Korea

October 1, 2024

In a remarkable display of economic resilience, South Korea’s exports surged 7.5% year-on-year in September, totaling a record $58.77 billion. This outstanding performance marks the 12th consecutive month of growth, reflecting the nation’s strong position in global trade.   Leading the charge were the semiconductor and automobile sectors, which achieved all-time highs. Semiconductor exports soared […]

Belgian Pork Exports Thrive in the UK, Showcasing Resilience and Adaptability

International Trade, News, United Kingdom

October 1, 2024

Belgian pork exports continue to flourish in the UK, proving their resilience and adaptability in the face of evolving trade landscapes and consumer preferences. Valued for its premium quality, Belgian pork has solidified its presence in the UK market, navigating past challenges such as Brexit and changing regulations, while maintaining strong trade relations with British […]

Smartphone Exports Propel India as Top Product Exporter to the U.S.

India, International Trade, News

September 30, 2024

India’s smartphone exports have emerged as the country’s leading product export to the United States, surpassing traditional sectors like diamond exports. This significant milestone highlights India’s expanding role in the global technology trade and showcases the country’s commitment to enhancing its manufacturing capabilities.   The trend began earlier this year when smartphone exports reached impressive […]

Vietnam Becomes Top ASEAN Exporter to EU, Boosted by Trade Agreement

International Trade, News, Vietnam

August 2, 2024

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years.   The phased reduction of import […]

India Expands Export Channels to Maldives with New Port Approvals

India, International Trade, News

August 2, 2024

In a significant development aimed at strengthening trade relations, the Indian government has announced that essential commodities previously subject to restrictions can now be exported to the Maldives from Kandla and Vishakhapatnam ports. This update, applicable for the financial year 2024-25, brings the total number of ports authorized for these exports to six. The Directorate […]

Türkiye Launches Free Trade Agreement Talks with GCC

International Trade, News, Turkey

August 1, 2024

TÁ ¼rkiye’s Trade Ministry has announced the start of negotiations for a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC). The first round of talks was held in Ankara, marking a key step in this major trade initiative.   In March, the Trade Minister and the GCC Secretary-General signed an agreement to kick […]

Afghanistan’s Trade Data Reveals $1.8 Billion in Exports and $8 Billion in Imports, Signaling Trade Imbalance

Afghanistan, International Trade, News

August 1, 2024

On July 31st, Afghanistan’s Ministry of Industry and Commerce issued a report detailing the country’s trade performance for the past year. The figures show $1.8 billion in exports and over $8 billion in imports, highlighting a substantial trade imbalance and a high reliance on foreign goods and services.   The report noted increases in exports […]

Policies to Expand Foreign Trade Boost Competitiveness

China, International Trade, News

August 1, 2024

As external demand and supportive policies improve, China’s trade in goods reached a new high in the first half of 2024, with overall foreign trade exceeding 21 trillion yuan ($2.9 trillion), and export growth in June of 10.7 percent year-on-year, exceeding all expectations.   The improving external demand and accelerated development of new business forms […]

Australian Wine Exports Hit AU$2.2 Billion Amid Diverse Market Trends

Australia, International Trade, News

July 31, 2024

The International Trade Council reports that Australian wine exports have reached a significant AU$2.2 billion, reflecting both positive developments and ongoing challenges in the market. This increase is largely attributed to a resurgence in exports to mainland China, where volumes jumped from 1 million litres to 33 million litres and the value surged by AU$392 […]

China Remains Papua New Guinea’s Leading Export Market, Reports Minister

China, International Trade, News

July 31, 2024

China remains the foremost export market for Papua New Guinea (PNG). During a recent groundbreaking ceremony for the Sea Park Development in Port Moresby, the Minister for International Trade and Investment emphasized China’s critical role in PNG’s export economy.   The Minister highlighted the robust trade relationship between the two nations, noting, “China is the […]

New Report Aims to Boost SME Exporting

International Trade, News

July 31, 2024

The International Trade Council highlights a new initiative designed to invigorate exporting activities among small and medium-sized enterprises (SMEs). A recent report proposes measures to increase the number of small business exporters. An SME Export Taskforce was formed to tackle the low percentage of small firms—currently only 10%—engaged in international trade. The taskforce identified several […]

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